Mexican financial group Banorte is implementing Unisys' Active Risk Monitoring System (ARMS) to detect fraudulent banking activity across product channels.
Unisys says the real time rules-based models infrastructure is currently being trialled with customers at Banorte's concept branch. The system detects potential fraud by mining transactions for patterns that could be suspicious and sending immediate alerts to risk managers.
The system also employs technology from Unisys partner Actimize to detect and track collusion among a group of individuals, relate multiple events into potential criminal scenarios and conduct comprehensive situational analysis in real time.
The vendor says it developed 45 different fraud models for Banorte to adapt as new thresholds which can go as far as to prevent a transaction.
A virtual data warehouse integrates with the bank's existing infrastructure, combining risk prevention units and multiple product channel functions such as online banking transactions, branch operations and AML compliance with a common architecture for security monitoring.
Alejandro Picos, VP and and managing partner, Latin American financial services, Unisys, comments: "Unisys ARMS offers visibility across the entire bank - unlike most traditional bank security monitoring systems, which search for potential attacks in isolated systems that don't communicate."